Bank of Canada raised interest rates after seven years: On June 12th, 2017, Bank of Canada raised its overnight lending rate by a quarter-percentage-point to 0.75 per cent from 0.5 per cent, a move taken after seven years. Bank of Canada enhanced the overnight rate to […]
Lithium is a soft silvery-white metal which is highly reactive and does not occur in nature in its elemental form. In nature, it occurs as compounds within hard rock deposits and salt brines. Lithium and its chemical compounds have a wide range of industrial applications […]
Gold edged back towards the previous day’s two-month low on Thursday, but remained hemmed into its recent narrow range after minutes from the U.S. Federal Reserve’s latest monetary policy meeting showed no consensus on the likely pace of interest rate hikes. While the minutes failed […]
San Francisco Fed president, Dr. Williams said Australia has “hot markets” in certain big cities and cautioned against trying to fix the problem by hiking rates, which will have “very unfavorable trade-offs when trying to control either a debt build-up or a housing price build-up […]
The trend of falling full-time employment witnessed through from March 2016 seems to have reversed to full-time growth over recent months. The growth uptrend has been reinforced by the latest data released by the Australian Bureau of Statistics (ABS), as per the March 2017 […]
As per the Australian Bureau of Statistics (ABS), the Consumer Price Index (CPI) has surged 1.3 per cent through the year to September quarter 2016 compared with a rise of 1.0 per cent over the twelve months to the June quarter 2016. Primarily, the CPI […]
In September 2016, oil has witnessed a volatile situation at the back of the OPEC meeting due on 28 September in Algeria. Last week itself, WTI oil surged to US$46.55 getting support from the positive outcomes that market otherwise expected from the preparatory talks (informal […]
In September 2016, the US Census Bureau released its annual poverty report declaring that 43.1 million Americans lived in poverty in 2015. Let’s now have a look on five key things on US income and poverty data. Better health insurance coverage: Many states […]
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is indicative of the services activity in the Australian economy, and this index fell 8.9 points to 45 during August 2016 which is below the 50 points level and much below the […]
Asian markets delivered a subdued performance ahead of US Jobs data: Janet Yellen, the Chair of the Federal Reserve had few days ago indicated about a possible interest rate hike that could be on the cards this year. Given this view, Asian markets traded mixed […]
As per the recent property views by AMP Capital’s chief economist Shane Oliver, apartment prices are being said to drop between 15% to 20% in Sydney and Melbourne over the next two years. The rise in multi-dwelling building activities in Brisbane, Sydney, Melbourne and […]
As per the latest data released by the Australian Bureau of Statistics (ABS), real Gross Domestic Product (GDP) for Australia has risen by 0.5 per cent in the June 2016 quarter. This has been slightly below expectations for an increase of 0.6 per […]
